Tide & eMSME Simplify GST, Udyam, and Scheme Access for MSMEs
In a significant move to boost the growth and formalization of Micro, Small, and Medium Enterprises (MSMEs) in India, Tide, a leading fintech company, has partnered with eMSME, a digital platform providing regulatory services to MSMEs. The partnership aims to simplify the process of GST registration, Udyam registration, and Scheme Discovery Reports for Indian MSMEs, thereby easing compliance and connecting businesses with over 800 government schemes.
With this collaboration, Tide’s 6.5 lakh users will now have access to a range of services designed to bridge the gap between businesses and government support. This includes access to credit, incentives, and growth opportunities, which will help Indian MSMEs scale up their operations and achieve their full potential.
The Challenge Faced by MSMEs
MSMEs are the backbone of India’s economy, accounting for over 30% of the country’s GDP and employing over 120 million people. However, these businesses often face significant challenges in terms of compliance, funding, and accessing government schemes. The complex and time-consuming process of GST registration, Udyam registration, and scheme discovery can be a major hurdle for many MSMEs.
The Solution: Tide & eMSME Partnership
Tide’s partnership with eMSME aims to simplify the process of GST registration, Udyam registration, and Scheme Discovery Reports for MSMEs. eMSME’s digital platform provides a range of services that help MSMEs navigate the complex regulatory landscape, including:
- GST Registration: eMSME’s GST registration service helps MSMEs comply with GST regulations, including obtaining a GSTIN, filing returns, and making payments.
- Udyam Registration: eMSME’s Udyam registration service helps MSMEs comply with Udyam registration requirements, including obtaining a Udyam Certificate, filing returns, and accessing government schemes.
- Scheme Discovery Reports: eMSME’s Scheme Discovery Reports service helps MSMEs discover and access over 800 government schemes, including subsidies, grants, and loans.
Benefits of the Partnership
The partnership between Tide and eMSME offers a range of benefits to MSMEs, including:
- Simplified Compliance: The partnership simplifies the process of GST registration, Udyam registration, and scheme discovery, reducing the time and effort required by MSMEs to comply with regulatory requirements.
- Access to Credit: The partnership provides MSMEs with access to a range of credit options, including loans and credit lines, which can help them scale up their operations and achieve their growth goals.
- Access to Incentives: The partnership provides MSMEs with access to a range of government schemes, including subsidies, grants, and loans, which can help them reduce costs and increase their competitiveness.
- Growth Opportunities: The partnership provides MSMEs with access to a range of growth opportunities, including business networking, mentorship, and training programs, which can help them scale up their operations and achieve their full potential.
Conclusion
The partnership between Tide and eMSME is a significant step towards boosting the growth and formalization of MSMEs in India. By simplifying the process of GST registration, Udyam registration, and scheme discovery, the partnership aims to ease compliance and connect businesses with over 800 government schemes. With access to credit, incentives, and growth opportunities, MSMEs will be better equipped to scale up their operations and achieve their full potential.
Source:
https://startuptalky.com/news/tide-emsme-partnership-gst-udyam-registration/
